APAC Session — Q3 Economies in Flux: Drive Decisions with the Purchasing Managers' Index™ 2023 | S&P Global Market Intelligence | 13 September 2023 | Online

Recent data have shown a cooling in the paced of global economic growth after a better than expected second quarter. However, we had warned that this upturn had been fuelled by surprising resilience of consumer-facing services and financial services, both of which looked vulnerable to slowdowns given policy tightening and the higher cost of living squeeze. There is now evidence of these squeezes having a material impact on demand and economic growth.

Meanwhile, price pressures have cooled further, through there remain signs of stubbornly high inflation pressures in the service sectors, in turn emanating from wages. Getting inflation rates below 3% may prove difficult in this environment.

August’s PMI data will help further assess the developing situation.

Join this webinar to:

• Monitor the evolving growth trends and recession risks for the world’s major economies.
• Dig deeper behind the headline PMI data to see the drivers of changing demand conditions, including detailed sector trends.
• Get an update on the manufacturing downturn, including how global supply chain and inventory trends are likely to affect demand and prices in the months ahead.
• Get insights into what’s driving inflation, especially in terms of labour markets, and the extent to which price pressures are remaining elevated.

2023 Speaker

Jingyi Pan
Economic Associate Director, Operation – IMPG, S&P Global Market Intelligence